Rocket offering renters up to $5K in closing credits
RocketRentRewards lets homebuyers earn closing cost credits equal to 10% of their verified rent payments over the past year — about $2,160 for those paying the average $1,800 in rent
by Matt Carter Feb 19
Realtor.com releases next chapter of buyer agency campaign
Two months after launching its buyers agency ads, Realtor.com has unveiled the next chapter — focused on buyers' agents as key to bolstering homeownership in underrepresented communities
by Marian McPherson Jun 18
VantageScore: New scoring model could qualify 4.9M extra borrowers
Company puts heat on regulators to stick to 2025 timetable for requiring lenders working with Fannie and Freddie to use VantageScore 4.0; delays would impact 'creditworthy people of color'
by Matt Carter Oct 30
Mortgage lenders innovate to help homebuyers cope with higher rates
Rocket, Guild and UWM are among lenders providing homebuyers with options, such as temporary rate buydowns and reduced fees on refis if rates come down from 2022 peaks
by Matt Carter Dec 27
Homebuyers have appetite for down payment assistance info, Zillow says
Zillow revealed Thursday that 1M users have queried its Down Payment Resource database since the real estate search portal partnered with the data provider a year ago as home prices soared
by Matt Carter Dec 15
Minneapolis Realtors apologize for racial discrimination in real estate
'Minneapolis Area Realtors apologizes to all members of the community who have been burdened, denied service, or ignored by our actions.' Trade group also releases policy changes
by Andrea V. Brambila Oct 12
Bank of America zero-down loan marketed to Black, Latinx buyers
The new zero down, zero closing cost mortgage Community Affordable Loan Solution is part of a $15B commitment to help 60,000 individuals and families purchase homes by 2025
by Matt Carter Sep 1
Black homeownership hasn't slipped, but vast gulf persists
In the first quarter of 2022, just under 45% of Black families owned their home, compared to 74% of white families, according to a Redfin analysis of US Census Bureau data released Tuesday
by Daniel Houston May 17
A rickety bridge with gaps
Hispanic and Black Americans who buy lower-priced homes than white Americans can also lead to further wealth gaps, according to a study by the National Association of Realtors
by Andrea V. Brambila Apr 29
Chase expands its homebuyer grant program for minorities
Chase Bank launched its revamped Homebuyer Grant program, which will provide a $5,000 grant for qualified buyers in majority Black communities
by Marian McPherson Feb 24
Homeownership rate for Black Americans lags behind at 42%
The National Association of Realtors' latest report revealed the systemic issues in housing, education, and jobs keeping minority homebuyers behind
by Marian McPherson Feb 18
How racism in property deeds affected generations
Opinion
While volunteering to collect data for the Mapping Prejudice Project, one broker did a deep dive into the history of structural racism and the racially restrictive property deeds that affected generations in her hometown
by Teresa Boardman Jul 30
servicers
The National Association of Realtors held its second annual policy forum on Thursday in Washington, D.C., and discussed the widening racial gap and its impact on homeownership
by Patrick Kearns Feb 7